Fisc & Div
ActiveSummary
Fisc & Div has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €29k and a net result of €22k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 12738 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+4
Solvency31▼-13
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity short (current ratio 0.99 against 1.17 in 2024; short-term debt: 89.5% and cash: 32.5% of total assets), and 94.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
5.8%
Return on assets
4.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 12738 sector peers (2025).
NBB · sector comparisonPosition among 12738 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
30 d late
2024
31 d late
2023
27 d late
2022
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€29k▼ 66.5%
2024 · €87k
2022: €41k
2023: €82k▲ +100% vs 2022
2024: €87k▲ +5.2% vs 2023highest in 4 years
2025: €29k▼ -66.5% vs 2024lowest in 4 years
2022 → 2025
Total assets
€500k▲ 9.8%
2024 · €456k
2022: €287klowest in 4 years
2023: €533k▲ +85.7% vs 2022highest in 4 years
2024: €456k▼ -14.6% vs 2023
2025: €500k▲ +9.8% vs 2024
2022 → 2025
Net result
€22k▲ 419%
2024 · €4k
2022: €36k
2023: €41k▲ +13.9% vs 2022highest in 4 years
2024: €4k▼ -89.5% vs 2023lowest in 4 years
2025: €22k▲ +419% vs 2024
2022 → 2025
Working capital
€-4k
2024 · €59k
2022: €32k
2023: €48k▲ +51.0% vs 2022
2024: €59k▲ +22.2% vs 2023highest in 4 years
2025: €-4k▼ -107% vs 2024lowest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€41k-€82k▲ 100%€87k▲ 5.2%€29k▼ 66.5%
2022: €41k
2023: €82k▲ +100% vs 2022
2024: €87k▲ +5.2% vs 2023highest in 4 years
2025: €29k▼ -66.5% vs 2024lowest in 4 years
Operating result€50k-€59k▲ 17.3%€16k▼ 72.1%€38k▲ 133%
2022: €50k
2023: €59k▲ +17.3% vs 2022highest in 4 years
2024: €16k▼ -72.1% vs 2023lowest in 4 years
2025: €38k▲ +133% vs 2024
Net result€36k-€41k▲ 13.9%€4k▼ 89.5%€22k▲ 419%
2022: €36k
2023: €41k▲ +13.9% vs 2022highest in 4 years
2024: €4k▼ -89.5% vs 2023lowest in 4 years
2025: €22k▲ +419% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 133% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €500k
Fixed assets
€57k ▲ 16.3%
Current assets
€444k ▲ 9.0%
Equity and liabilities €500k
Equity
€29k ▼ 66.5%
Debt
€471k ▲ 27.8%
Debt's share of the balance-sheet total rises from 81.0% to 94.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€61k▲
2024 · €36k
Cash flow
€45k▲
2024 · €23k
Current ratio
0.99▼
2024 · 1.17
Debt to equity
16.23▲
2024 · 4.26
ROE
77.1%▲
2024 · 5.0%
ROA
4.5%▲
2024 · 0.9%
Interest coverage
19.65▲
2024 · 10.33
Debt ≤ 1 year
€448k▲
2024 · €348k
Debt > 1 year
€24k▲
2024 · €21k
Income taxes
€13k▲
2024 · €9k
Staff costs
€489k▼
2024 · €504k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€456k€500k▲
Fixed assets21/28€49k€57k▲
Tangible fixed assets22/27€49k€57k▲
Furniture and vehicles24€47k€56k▲
Other tangible fixed assets26€1k€818▼
Current assets29/58€407k€444k▲
Amounts receivable within one year40/41€300k€261k▼
Trade receivables40€172k€253k▲
Other amounts receivable41€129k€7k▼
Cash at bank and in hand54/58€92k€163k▲
Deferred charges and accrued income490/1€14k€20k▲
Equity and liabilities
Total equity and liabilities10/49€456k€500k▲
Equity10/15€87k€29k▼
Contributions10/11€5k€5k=
Reserves13€82k€24k▼
Distributable reserves133€82k€24k▼
Amounts payable17/49€369k€471k▲
Amounts payable after more than one year17€21k€24k▲
Financial debts170/4€21k€24k▲
Amounts payable within one year42/48€348k€448k▲
Current portion of amounts payable after more than one year42€56k€22k▼
Trade debts44€104k€112k▲
Suppliers440/4€104k€112k▲
Taxes, remuneration and social security45€146k€124k▼
Taxes450/3€61k€34k▼
Remuneration and social security454/9€86k€90k▲
Other amounts payable47/48€41k€189k▲
Income statement
Code20242025
Remuneration, social security and pensions62€504k€489k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€23k▲
Other operating charges640/8€4k€5k▲
Gross operating margin9900€543k€555k▲
Operating profit (loss)9901€16k€38k▲
Financial income75/76B€33€41▲
Recurring financial income75€33€41▲
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€13k€35k▲
Income taxes67/77€9k€13k▲
Profit (loss) for the period9904€4k€22k▲
Profit (loss) for the period to be appropriated9905€4k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€4k€22k▲
Transfer from equity791/2-€80k
Transfer to equity691/2€4k€22k▲
To other reserves6921€4k€22k▲
Profit to be distributed694/7-€80k
Return on contributions (dividend)694-€80k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €509k | €475k | €504k | €489k | ▼ 2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €551 | €11k | €19k | €23k | ▲ 17.9% |
| Other operating charges640/8 | €3k | €6k | €4k | €5k | ▲ 50.2% |
| Gross operating margin9900 | €563k | €551k | €543k | €555k | ▲ 2.3% |
| Operating profit (loss)9901 | €50k | €59k | €16k | €38k | ▲ 133% |
| Financial income75/76B | €62 | - | €33 | €41 | ▲ 24.7% |
| Recurring financial income75 | €62 | - | €33 | €41 | ▲ 24.7% |
| Financial charges65/66B | €11 | €1k | €3k | €3k | ▼ 10.2% |
| Recurring financial charges65 | €11 | €1k | €3k | €3k | ▼ 10.2% |
| Profit (loss) for the period before taxes9903 | €50k | €58k | €13k | €35k | ▲ 170% |
| Income taxes67/77 | €14k | €16k | €9k | €13k | ▲ 46.5% |
| Profit (loss) for the period9904 | €36k | €41k | €4k | €22k | ▲ 419% |
| Profit (loss) for the period to be appropriated9905 | €36k | €41k | €4k | €22k | ▲ 419% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €287k | €533k | €456k | €500k | ▲ 9.8% |
| Fixed assets21/28 | €9k | €68k | €49k | €57k | ▲ 16.3% |
| Tangible fixed assets22/27 | €9k | €68k | €49k | €57k | ▲ 16.3% |
| Furniture and vehicles24 | €6k | €66k | €47k | €56k | ▲ 18.3% |
| Other tangible fixed assets26 | €3k | €2k | €1k | €818 | ▼ 45.5% |
| Current assets29/58 | €278k | €465k | €407k | €444k | ▲ 9.0% |
| Amounts receivable within one year40/41 | €175k | €316k | €300k | €261k | ▼ 13.2% |
| Trade receivables40 | €171k | €208k | €172k | €253k | ▲ 47.5% |
| Other amounts receivable41 | €3k | €108k | €129k | €7k | ▼ 94.2% |
| Cash at bank and in hand54/58 | €95k | €138k | €92k | €163k | ▲ 76.4% |
| Deferred charges and accrued income490/1 | €8k | €11k | €14k | €20k | ▲ 42.6% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €287k | €533k | €456k | €500k | ▲ 9.8% |
| Equity10/15 | €41k | €82k | €87k | €29k | ▼ 66.5% |
| Contributions10/11 | €5k | €5k | €5k | €5k | = |
| Reserves13 | €36k | €77k | €82k | €24k | ▼ 70.6% |
| Distributable reserves133 | €36k | €77k | €82k | €24k | ▼ 70.6% |
| Amounts payable17/49 | €246k | €451k | €369k | €471k | ▲ 27.8% |
| Amounts payable after more than one year17 | - | €34k | €21k | €24k | ▲ 11.3% |
| Financial debts170/4 | - | €34k | €21k | €24k | ▲ 11.3% |
| Amounts payable within one year42/48 | €246k | €417k | €348k | €448k | ▲ 28.8% |
| Current portion of amounts payable after more than one year42 | - | €38k | €56k | €22k | ▼ 60.4% |
| Trade debts44 | €74k | €188k | €104k | €112k | ▲ 7.7% |
| Suppliers440/4 | €74k | €188k | €104k | €112k | ▲ 7.7% |
| Taxes, remuneration and social security45 | €86k | €144k | €146k | €124k | ▼ 15.4% |
| Taxes450/3 | €14k | €82k | €61k | €34k | ▼ 43.5% |
| Remuneration and social security454/9 | €72k | €62k | €86k | €90k | ▲ 4.4% |
| Other amounts payable47/48 | €86k | €48k | €41k | €189k | ▲ 366% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36k | €41k | €4k | €22k | ▲ 419% |
| + Depreciation and write-downs630 | €551 | €11k | €19k | €23k | ▲ 17.9% |
| Operating cash flow (approximation) | €37k | €52k | €23k | €45k | ▲ 91.5% |
| Investment in fixed assets (approximation) | - | €-70k | €0 | €-31k | - |
| Change in cash | - | €43k | €-46k | €71k | ▲ 253% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-09
State Gazette act
General meeting · Other statement
Auditor report · Net-asset statement
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
26-08
State Gazette act
General meeting · Net-asset statement
Dissolution · Liquidation · Jan Van Hemeldonck
21-08
State Gazette act
Director appointment · First fiscal year
First general meeting
19-08
State Gazette act
General meeting · Legal-form conversion
Name change · Purpose change
04-08
State Gazette act
Incorporation · Founder
Capital contribution · Director appointment
07-07
State Gazette act
Incorporation · Founder
Corporate purpose · Founding capital
07-07
State Gazette act
Incorporation · Founder
Corporate purpose · Founding capital
29-06
State Gazette act
Incorporation · Founder
Founding capital · Bank account
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet €4k ▼89.5%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Highest result since 2022net €41k ▲13.9%
Operating result €59k, net result €41k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Herentals · 2 establishment units since 2022
Ground area
8,756 m²
Building footprint
5,096 m²
Volume, LiDAR
34,103 m³
2 parcels, Flanders · tallest building 34.9 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Fisc & Div
since 20222.325.815.619
Fisc & Div
since 20222.325.815.718
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13027A0070/00W000 | Flanders | 7,976 m² | 1 · 5,020 m² | 34.9 m · 2 fl. |
| 13052A0263/00G002 | Flanders | 779 m² | 1 · 77 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 6,209 EUR awarded · 6,965 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,302 EUR | 3,302 EUR |
| 2024 | 1 | 1,377 EUR | 1,683 EUR |
| 2023 | 1 | 441 EUR | 891 EUR |
| 2022 | 1 | 1,089 EUR | 1,089 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
LMG Advisory
BE 0791.968.079
Elsene · Eq €29,050
M.E.N. Consulting
BE 0784.387.827
Evere · Eq €28,992
LE GROUPE DE GESTION
BE 0886.023.041
Sint-Gillis (bij-Brussel) · Eq €28,985
AD CONFIDUNT
BE 0792.195.832
Antwerpen · Eq €29,080
Foederer Accountants
BE 0466.466.268
Hasselt · Eq €28,970
Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 5,093 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Contact
E-mail
info@fiscnv.beHerentals
Phone
014226100Herentals
Phone
014261515Westerlo
Scores and ratios are computed by Checked and are not a credit decision.